3158 Gloster St Tupelo, MS 38804-9744
- Motels
- 10,871 SF
- 1.30 lot acres
Current Use by Public Records
- Best Western Plus Tupelo Inn & Suites / Hotel
- anna rutherford / Cell Phone Accessory Store
Property Details for 3158 Gloster St
- Year built
- 2011
- Lot size
- 1.30 lot acres
- Property size
- 10,871 SF
- Property type
- Motels
- APN
- 084S-18-001-38
- APU
- 084S1800138
Description
This 72-key, four-story Best Western Plus hotel in Tupelo, MS, offers a compelling investment opportunity. Built in 2011, the 39,422 square foot property sits on 1.3 acres and boasts an impressive $7,000,000 asking price, translating to $177.57 per square foot. The hotel features an indoor pool and fitness center, well-equipped extended-stay rooms, and an interior corridor design. Benefiting from a strong location with multiple demand generators including tourism, manufacturing, and healthcare, this established hotel is offered unencumbered of management, eliminating potential PIP requirements for the new owner. Tupelo's rich cultural heritage, economic vitality, and natural beauty, coupled with its connection to Elvis Presley's legacy, create a unique and attractive destination. Low franchise fees further enhance the profitability of this mid-scale franchised hotel, making it an ideal acquisition for investors seeking a high-cash-flow property with significant upside potential. The property is fully renovated, minimizing capital expenditures for the new owner.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.7069
- Latitude
- 34.2991
- CBSA code
- 46180
- CBSA name
- TUPELO, MS MICROPOLITAN STATISTICAL AREA
